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![TRUE OR FALSE WITH REASON.
9. Keynes believed that saving is less responsive to changes in income than to changes in
interest rates.
Answer:
Reason:
An increase in autonomous consumption, an increase in disposable income, or a
decrease in the marginal propensity to consume can all increase consumption.
10.
Answer:
Reason:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb27e545-6039-4f24-81d8-33012f60aaa5%2F04c0d8c7-dcff-42f3-bcab-9214abacb1e7%2F54jdlsc_processed.jpeg&w=3840&q=75)
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- The marginal propensity to consume is is .3 find the marginal propensity to save.1. According to Keynes, what is the most important determinant of (or influence on) the level of Consumer Spending households undertake in a time period? 2. Use the following Consumption function data to answer the questions below: Real Disposable Income Consumption Saving MPC MPS $100 $150 $200 $200 $300 $250 $400 $300 $500 $350 A. What is Saving if Real Disposable Income = $400. What is Saving if Yd = 500? B. What is the marginal propensity to consume (MPC)? C. What is the marginal propensity to save (MPS)? D. What is the break-even income (level of income at which Saving = 0)? E. What is the mathematical relation between the MPC and the MPS? 3. Suppose most business executives expect a slowdown in the economy (slower sales…Please help
- The multiplier effect represents Keynes’s insight that:(a) households would rather spend than save.(b) businesses prefer to be in the expansion phase of the business cycle.(c) an increase in spending will increase equilibrium income by more than the initial increase in spending.(d) an increase in equilibrium income will increase the marginal propensity to consume.Which of the following would be most likely to increase consumption spending? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a A reduction in consumer credit card debt b A drop in stock prices c A higher interest rate d The expectation of lower future pricesThe following table shows income and consumption. Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C- Marginal propensity to save (MPS), D- Average propensity to consume (APC), E- Average propensity to save (APS). (show your calculations, write the answers to 2 decimal places) Y C S MPC MPS APC APS S = MPC = MPS = APC = APS = 300 360 410 400 600 510 800 250 1050 0.32
- Please answer ASAPStudy the scenario and complete the question(s) that follow(s): Silesia You are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below. Government expenditure 400 Exports 250 Autonomous imports 50 Autonomous consumption 150 Investment Expenditure 300 Full-employment output 2040 Marginal propensity to consume 0.75 Marginal propensity to import 0.15 Таx rate 0.25 5.1 Derive and calculate the consumption function for the data provided. Show all formulas and calculations used. 5.2 Calculate autonomous spending. Show all formulas and calculations used. 5.3 Calculate the multiplier. Show all formulas and calculations used. Round off your final answer to 1 decimal. 5.4 Calculate the equilibrium level of income, using the values calculated in 5.2 and 5.3 above. Show all formulas and calculations used. 5.5 Calculate the government surplus or deficit at the equilibrium level of income. Show all…The accompanying table presents hypothetical data on aggregate consumption expenditure and disposable income in millions of dollars over five years. Disposable income Consumption expenditure Year (in millions) (in millions) 2013 200 175 2014 225 193.75 2015 280 235 2016 325 268.75 2017 300 250 a. What is the marginal propensity to consume (MPC)? МРC: b. What is the marginal propensity to save (MPS)? MPS:
- A) What is the value of the marginal propensity to consume? ( Round your answers to one decimal place). What is the value of the marginal propensity to save? B) What is the break-even level of income in the table? (Enter your answer as a whole number) What is the term that economists use for the saving situation shown at the $ 240 level of income. C) For each of the following items, indicate wheter the value in the table is either constant or variable as income changes: The MPS is (constant/ variable) as income changes. The APC is ( constant/ variable) as income changes. The MPC is ( constant/ variable) as income changes. The APS is (constant/ variable) as income chnages.The table gives you information about the economy of Australia. Disposable income Saving Consumption expenditure (billions of dollars per year) 0 0 Calculate consumption expenditure at each value of disposable income and fill in the right column of the table. 100 25 200 50 Calculate the marginal propensity to consume. 300 75 The marginal propensity to consume is >>> Answer to 2 decimal places.the question in the attached image
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